PCJ Investment Counsel Ltd.

CIK: 0001426318Latest portfolio: $404.2M · Q4 2025

Holdings

61

Total Value

$404.2M

New Positions

9

Closed Positions

12

#StockSharesValue% PortfolioChangeType
1
BBUBROOKFIELD BUSINESS PARTNERS
1,163,486$41.2M10.18%-174,593
2
RHCRH PLC
187,230$23.4M5.78%+4K
3
CAECAE INC
760,585$23.1M5.72%+227K
4
BYDBOYD GROUP SERVICES INC
115,230$18.4M4.54%NEW
5
BNBROOKFIELD CORP
334,090$15.3M3.79%+101K
6
EFXENERFLEX LTD
894,086$13.8M3.41%-273,024
7
RYROYAL BK CDA
80,850$13.8M3.41%+890
8
EQXEQUINOX GOLD CORP
881,940$12.4M3.07%+214K
9
SHOPSHOPIFY INC
70,710$11.4M2.82%+3K
10
TDTORONTO DOMINION BK ONT
115,540$10.9M2.69%+15K
11
IMGIAMGOLD CORP
642,050$10.6M2.62%-105,020
12
CVNACARVANA CO
21,900$9.2M2.29%-2,400
13
RBARB GLOBAL INC
82,690$8.5M2.10%+3K
14
MEOHMETHANEX CORP
208,630$8.3M2.05%+91K
15
BTEBAYTEX ENERGY CORP
2,483,638$8.0M1.99%NEW
16
DMLDENISON MINES CORP
2,918,810$7.7M1.91%+874K
17
GIB/ACGI INC
75,930$7.0M1.73%NEW
18
OLAORLA MNG LTD NEW
517,480$7.0M1.72%+269K
19
CVECENOVUS ENERGY INC
406,470$6.9M1.70%-7,130
20
BIPBROOKFIELD INFRAST PARTNERS
183,780$6.4M1.58%+15K
21
PAASPAN AMERN SILVER CORP
118,918$6.2M1.53%-67,650
22
GILGILDAN ACTIVEWEAR INC
91,000$5.7M1.41%+34K
23
BNSBANK NOVA SCOTIA HALIFAX
74,230$5.5M1.35%+6K
24
AEMAGNICO EAGLE MINES LTD
32,170$5.5M1.35%-2,190
25
BMOBANK MONTREAL QUE
41,850$5.4M1.34%-5,720

Quarterly Changes

New Positions

Closed Positions

Increased Positions

NameSharesChange
DML2.9M+874K
SZ7861K+436K
OLA517K+269K
CAE761K+227K
TGB950K+224K
EQX882K+214K
BN334K+101K
FVI487K+95K
MEOH209K+91K
ERO93K+59K

Decreased Positions

NameSharesChange
AMCR360K-427750
BBU1.2M-174593
EDR562K-115580
AG256K-107420
IMG642K-105020
PAAS119K-67650
OR25K-60010
CM5K-51670
COF20K-25150
VZLA551K-15300

Sector Breakdown

Basic Materials0.0% ($1.2392827961655457e+46T)
Financial Services0.0% ($1.5336137831088957e+36T)
Industrials0.0% ($4.1162231301378486e+23T)
Energy0.0% ($8034687753264657408.0T)
Unknown0.0% ($7740701369595282432.0T)
Consumer Cyclical0.0% ($2336618355924.3T)
Technology0.0% ($113853387147.9T)
Utilities0.0% ($63.9B)
Consumer Defensive0.0% ($10.6M)
Communication Services0.0% ($2.1M)

Filing History

QuarterFiling DatePortfolio ValueHoldings
Q4 2025Feb 10, 2026$404.2M61
Q3 2025Nov 13, 2025$359.5B64
Q2 2025Aug 7, 2025$292.8B65
Q1 2025May 12, 2025$255.7B64
Q4 2024Feb 7, 2025$296.2B69

Fund Information

CIK0001426318
Most Recent FilingFeb 10, 2026
Number of Filings5

PCJ Investment Counsel Ltd. is an institutional investment manager that files 13F reports with the SEC. As of the Q4 2025 filing, the fund reported a portfolio valued at $404.2M across 61 holdings. The largest position is BROOKFIELD BUSINESS PARTNERS (BBU), representing 10.2% of the portfolio. Compared to the previous quarter, the fund opened 9 new positions and closed 12 positions. 13F filings are required quarterly disclosures that provide transparency into the holdings of institutional investment managers with at least $100 million in qualifying assets.